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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Revenues    
Revenues $ 11,818 $ 9,906
Costs and operating expenses:    
Selling, general and administrative expenses 2,277 1,826
Research and development expenses 364 320
Restructuring and other costs 2 14
Total costs and operating expenses 8,997 6,857
Operating income 2,821 3,049
Interest income 18 12
Interest expense (136) (125)
Other income/(expense) (163) (183)
Income before income taxes 2,540 2,753
Provision for income taxes (301) (416)
Equity in earnings/(losses) of unconsolidated entities (19) 0
Net income 2,220 2,337
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interest 5 0
Net income $ 2,215 $ 2,337
Earnings per share attributable to Thermo Fisher Scientific Inc.    
Basic (in dollars per share) $ 5.66 $ 5.93
Diluted (in dollars per share) $ 5.61 $ 5.88
Weighted average shares    
Basic (in shares) 392 394
Diluted (in shares) 395 397
Product [Member]    
Revenues    
Revenues $ 8,017 $ 7,856
Costs and operating expenses:    
Cost of revenues 3,555 3,327
Service [Member]    
Revenues    
Revenues 3,801 2,050
Costs and operating expenses:    
Cost of revenues $ 2,799 $ 1,370